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djflowmaster

BAC looks bullish & could b/o of recent consolidation to 20 lvl.

Long
Bank of America (NYSE:BAC)  
djflowmaster  
NYSE:BAC   Bank of America
BAC banks interestratehike financials breakout Bullish Patterns consolidation flattopbreakout XLF
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bac banks interestratehike financials breakout bullish consolidation flattopbreakout xlf
Looks bullish here as it has been in a consolidation range ever since 1/14' and has for the most part been btw 15-18 zone. Financials have come back stronger this year and with interest rates set to be raised soon which could lead to better earnings from banks......financials are set to continue to be strong. For BAC.....it has been stuck below 18 lvls. ever since 09' bottom lows & 18 is a major resistence lvl. for it to close above and hold for a few weeks.......if it breaks 18 w/ volume & holds above it then it will have b/o to the upside of the consolidation range & continue the bullish trend w/ tgt.#1=21.50 & tgt.#2=24......as always watch volume for confirmation.
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